No, you don't have a lot of choice. UK banks have many restrictions about who can open an account. Just by queuing in a branch I've seen immigrants being rejected because they don't have a job yet.

No need for analogies. It's literally forcing the public to use - and give money to - private entities.

Banks borrow money cheap. Can a regular person do that? No. Of course not.

It's clearly about control/money. Same thing

> Banks borrow money cheap.

Banks don't need to borrow money, they just create it:

* https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905625

* https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/m...

If you still think about banks re-loaning bank deposits you're living in another century. Fractional reserve banking hasn't been a thing since (at least) the 1960s.

Depositing money isn't giving money to a bank. It's exchanging money for highly liquid debt and receiving interest in return. Giving money to a bank is a relationship where the bank pays you.

Also, the government already forces you to have auto insurance. This doesn't really seem any better or worse.

> Banks borrow money cheap. Can a regular person do that? No. Of course not.

There are a plenty of cheap loans available to regular persons, but of course you have to be an adult to access those.

I can set up my own mail server that is completely under my control. So no, it's not even remotely like forcing everyone to have an email address.